Global Nickel Alloys Market was valued at $ 12.14 Billion in 2017 and is projected to reach $ 14.68 Billion by 2022, at a CAGR of 3.9% between 2017 and 2022.
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Increasing demand for nickel alloys from various end-use industries, such as aerospace & defense, oil & gas, chemical, pulp, paper & energy is expected to drive the demand for nickel alloys during the forecast period.
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The nickel alloys ecosystem includes nickel alloy manufacturers and nickel alloy based product manufacturers such as VDM Metals (Germany), Aperam S.A. (Luxembourg), Sandvik Materials Technology AB (Sweden), Allegheny Technologies Incorporated (US), Carpenter Technology Corporation (US), ThyssenKrupp AG (Germany), Haynes International Inc.
(US), Precision Castparts Corporation (US), Voestalpine AG (Austria), and Rolled Alloys Inc.
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Key Target Audience
- Nickel Alloy Manufacturers
- Nickel Alloy Traders, Distributors, and Suppliers
- End-use Industries
- Government and Research Organizations
- Associations and Industrial Bodies
- Research and Consulting Firms
- R&D Institutions
- Environment Support Agencies
- Investment Banks and Private Equity Firms
The nickel alloys market was estimated at $ 12.14 Billion in 2017 and is projected to reach $ 14.68 Billion by 2022, at a CAGR of 3.9% between 2017 and 2022.
Browser complete report on Nickel Alloys Market by Function (Corrosion Resistant, Heat Resistant, High Performance, Electronic Alloys), End-Use Industry (Aerospace & Defense, Oil & Gas, Chemical, Energy & Power), and Region - Global Forecast to 2022
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Among functions, the high performance alloys segment is projected to grow at the highest CAGR during the forecast period. High performance nickel alloys are designed to handle extreme corrosive and high pressure situations, and for this reason, this grade is widely used in the aerospace & defense industry and for oil & gas exploration activities.
The growing oil & gas exploration activities along with the growing aerospace industry are expected to drive the growth of this segment during the forecast period.
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Table of Contents
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Years Considered in the Report
2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
126.96.36.199 Key Data From Secondary Sources
2.1.2 Primary Data
188.8.131.52 Key Data From Primary Sources
184.108.40.206 Key Industry Insights
220.127.116.11 Breakdown of Primary Interviews
2.2 Market Size Estimation
2.3 Data Triangulation
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in the Nickel Alloys Market
4.2 Nickel Alloys Market, By Region
4.3 Nickel Alloys Market, By Function & End-Use Industry
4.4 Nickel Alloys Market, By Country
4.5 Nickel Alloys Market, By End-Use Industry
5 Market Overview
5.2 Market Dynamics
18.104.22.168 Growing Demand From Aerospace & Defense Industry
22.214.171.124 Rising Cost of Raw Materials
126.96.36.199 Increase in Offshore Spending and Potential of New Oilfield Discovery
188.8.131.52 Reducing Greenhouse Gas Emissions
5.3 Economic Indicators
5.3.1 Trends and Forecast of GDP
5.4 Industry Outlook
5.4.1 Oil & Gas Industry
5.4.2 Chemical & Petrochemical
5.4.3 Power Generation
The nickel alloys market in the Asia Pacific is projected to grow at the highest CAGR from 2017 to 2022. The Asia Pacific is a major consumer of nickel alloys, which are used in the oil & gas, chemical, food processing, aerospace & defense, and electrical & electronics, among other industries.
The demand for nickel alloys is increasing in both, developed and emerging countries of the region such as Japan, China, India, and Indonesia, among others. Key manufacturers from the US and Western Europe are now focusing on the Asia Pacific region to expand their geographic reach.
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